#68 - The Executive Board of Deutsche Lufthansa AG does not expect the aviation industry to return to pre-coronavirus crisis levels very quickly. According to its assessment, it will take months until the global travel restrictions are completely lifted and years until the worldwide demand for air travel returns to pre-crisis levels. Based on this evaluation, today the Executive Board has decided on extensive measures to reduce the capacity of flight operations and administration long term.
- Significant decline in air travel also expected for period after the Coronavirus crisis
- Suspension of aircraft leads to the first permanent capacity reduction
- The inevitable downsizing of flight operations shall be implemented in a socially responsible manner, among other things, through collective employment models
At Lufthansa, six Airbus A380s and seven A340-600s as well as five Boeing 747-400s will be permanently decommissioned. In addition, eleven Airbus A320s will be withdrawn from short-haul operations.
The six A380s were already scheduled for sale to Airbus in 2022. The decision to phase out seven A340-600s and five Boeing 747-400s was taken based on the environmental as well as economic disadvantages of these aircraft types. With this decision, Lufthansa will be reducing capacity at its hubs in Frankfurt and Munich.
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